TCA § 56-6-909 — Issuance of license — Period in effect — Renewal — Notification of commissioner of changes — Lapse of license — Penalties — Retroactive and prospective reinstatement — Waiver of procedures in certain situations — Delegation of commissioner's duties
AI-assisted research summary: Public adjuster licenses are issued to qualified applicants, last two years unless revoked, suspended, or terminated, and can be renewed or reinstated if the required request and fees are paid. Licensees must report certain changes within 30 days.
Unless denied licensure under this part, persons who have met the requirements of this part shall be issued a public adjuster license. A public adjuster license shall remain in effect for a period of two (2) years, unless revoked, terminated or suspended. The commissioner may renew a license issued under this part, as long as the request for renewal and fee set forth in the rule promulgated under § 56-6-905(a)(5) is paid and any other requirements for license renewal are met by the date of the license's expiration. The licensee shall inform the commissioner, by any means acceptable to the commissioner, of a change of address, change of legal name, or change of material information submitted on the application within thirty (30) days of the change. A licensed public adjuster shall be subject to chapters 8 and 53 of this title. A public adjuster who allows the adjuster's license to lapse may, within twelve (12) months from the date of expiration, be issued a new public adjuster license upon the commissioner's receipt of the request for renewal. However, a penalty in the amount of double the unpaid renewal fee shall be required, and be subject to other penalties as provided by law, before the license will be renewed. If the commissioner receives the request for reinstatement and the required lapsed license fee within sixty (60) days of the date the license lapsed, the commissioner shall reinstate the license retroactively to the date the license lapsed. If the commissioner receives the request for reinstatement and the required lapsed license fee after sixty (60) days, but within one (1) year of the date the license lapsed, the commissioner shall reinstate the license prospectively with the date the license is reinstated. If the person applies for reinstatement more than one (1) year from date of lapse, the person shall reapply for the license under this part. A licensed public adjuster that is unable to comply with license renewal procedures due to military service, a long-term medical disability, or some other extenuating circumstance, may request a waiver of those procedures. The public adjuster also may request a waiver of any examination requirement, fine, or other sanction imposed for failure to comply with renewal procedures. The license shall contain the licensee's name, city and state of business address, personal identification number, the date of issuance, the expiration date, and any other information the commissioner deems necessary. In order to assist in the performance of the commissioner's duties, the commissioner may contract with nongovernmental entities, including, but not limited to the NAIC or any affiliates or subsidiaries that the NAIC oversees, to perform any functions, including testing and the collection of fees and data, related to licensing, that the commissioner may deem appropriate.